Alongside the thematic that earnings were better than feared, it appears that the outlook for dividends has potentially seen a bottom – at least for now.
27 April 2024
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Andrew Zenonos is an implementation portfolio manager on Russell Investments’ Equities team, working across Australian and Asia Pacific ex-Japan funds. In this role, Andrew is involved in all aspects of portfolio management, including strategic design and portfolio construction as well as dynamic management of the funds. Andrew is based in Sydney. Prior to joining Russell Investments in September 2012, Andrew worked for Wilson HTM, a broking and wealth management firm. Andrew is a CFA charterholder and is a member of the CFA Society of Sydney.
Alongside the thematic that earnings were better than feared, it appears that the outlook for dividends has potentially seen a bottom – at least for now.
Although it’s been a difficult year for dividend yield as a strategy, mostly driven by the effects of COVID, there have been bright spots at the stock level.
Will we see a rapid normalization in economic growth rates and corporate fundamentals when this virus is ultimately contained?
Here’s how our fund manager adds in or takes out a stock based on its likelihood to pay a good dividend.
